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The new tax law has doubled the standard deduction and eliminated or changed other deductions. So, many may be taking the standard deduction. IF your tax bracket or net effective tax rate is lower this year, you may want to consider converting some IRA assets to ROTH IRA.

According to SS Trustees 2016 Report, for 26 years between 1984 to 2009, the trust fund backing social security retirement benefits took in payroll contributions (tax) that were greater than the retirement benefit payments.

We tend to think of the season from January to April 15th each year as “tax season.” It is an important and busy time of year for most of us and, thankfully, another year of this “season” has come and gone.

Attached to the tax extension laws that were passed at the end of 2014 by Congress was a bill to create a new tax preferred savings vehicle. For those who are supporting individuals with disabilities, the “Achieving a Better Life Experience (ABLE) Act introduces a new type of tax advantaged savings account that is specifically designed to address some challenges faced by these